Can I retire at age 72 with 4,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$363,348$360,111$356,954$353,872$350,862$345,476
2 years$179,875$176,525$173,278$170,131$167,077$161,664
3 years$118,726$115,361$112,123$109,004$106,001$100,729
4 years$88,157$84,803$81,597$78,531$75,601$70,510
5 years$69,820$66,486$63,322$60,320$57,470$52,577
6 years$57,600$54,291$51,174$48,238$45,474$40,783
7 years$48,875$45,594$42,526$39,659$36,983$32,495
8 years$42,334$39,082$36,065$33,269$30,681$26,396
9 years$37,249$34,028$31,063$28,338$25,838$21,754
10 years$33,183$29,994$27,081$24,428$22,015$18,129
11 years$29,859$26,702$23,842$21,259$18,934$15,241
12 years$27,091$23,966$21,159$18,647$16,407$12,904
13 years$24,751$21,658$18,904$16,463$14,308$10,988
14 years$22,746$19,687$16,986$14,614$12,542$9,401
15 years$21,011$17,984$15,336$13,033$11,043$8,075
16 years$19,494$16,500$13,904$11,670$9,760$6,959
17 years$18,156$15,196$12,652$10,485$8,654$6,014
18 years$16,969$14,042$11,550$9,449$7,694$5,210
19 years$15,908$13,014$10,573$8,538$6,858$4,522
20 years$14,954$12,093$9,704$7,733$6,126$3,932
21 years$14,092$11,264$8,925$7,018$5,482$3,424
22 years$13,310$10,515$8,226$6,381$4,914$2,985
23 years$12,597$9,834$7,595$5,811$4,411$2,606
24 years$11,944$9,214$7,024$5,300$3,965$2,277
25 years$11,344$8,647$6,506$4,841$3,568$1,991
26 years$10,791$8,127$6,034$4,426$3,214$1,742
27 years$10,280$7,648$5,603$4,051$2,897$1,525
28 years$9,807$7,207$5,209$3,712$2,614$1,336
29 years$9,367$6,799$4,847$3,404$2,361$1,171
30 years$8,956$6,421$4,515$3,124$2,133$1,027
31 years$8,574$6,070$4,209$2,869$1,928$901
32 years$8,216$5,743$3,927$2,637$1,744$791
33 years$7,880$5,439$3,667$2,425$1,579$694
34 years$7,564$5,155$3,426$2,231$1,429$609
35 years$7,268$4,889$3,203$2,054$1,295$535
36 years$6,988$4,641$2,997$1,891$1,173$470
37 years$6,724$4,408$2,805$1,743$1,063$413
38 years$6,475$4,189$2,627$1,606$964$363
39 years$6,239$3,983$2,461$1,481$874$319
40 years$6,015$3,790$2,306$1,366$793$280
41 years$5,803$3,607$2,163$1,260$719$246
42 years$5,602$3,436$2,029$1,163$653$216
43 years$5,410$3,273$1,904$1,074$592$190
44 years$5,228$3,120$1,787$991$538$167
45 years$5,054$2,975$1,678$916$488$147
46 years$4,888$2,838$1,576$846$443$129
47 years$4,730$2,709$1,481$781$402$114
48 years$4,579$2,586$1,391$722$365$100
49 years$4,434$2,469$1,308$667$332$88
50 years$4,296$2,359$1,229$617$301$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $4,400,000, adding $4,241 every year, while hoping to spend $47,045 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 77/14/9 Blend
71$4,400,000$4,400,000$4,400,000$4,400,000
72$4,853,175$4,619,975$4,551,775$5,219,599
73$5,298,143$4,796,298$4,654,204$5,637,407
74$5,786,921$4,979,684$4,758,487$6,088,926
75$6,323,928$5,170,430$4,864,638$6,582,629
76$6,914,033$5,368,845$4,972,667$7,122,692
77$7,562,597$5,575,251$5,082,584$7,713,715
78$8,275,530$5,789,987$5,194,399$8,360,761
79$9,059,342$6,013,403$5,308,118$9,069,407
80$9,921,202$6,245,868$5,423,748$9,845,794
81$10,869,013$6,487,764$5,541,292$10,696,681
82$11,911,481$6,739,492$5,660,753$11,629,515
83$13,058,195$7,001,471$5,782,132$12,652,497
84$14,319,724$7,274,136$5,905,427$13,774,657
85$15,707,712$7,557,944$6,030,634$15,005,942
86$17,234,986$7,853,371$6,157,748$16,357,308
87$18,915,683$8,160,915$6,286,761$17,840,821
88$20,765,377$8,481,094$6,417,662$19,469,772
89$22,801,229$8,814,451$6,550,437$21,258,803
90$25,042,148$9,161,552$6,685,070$23,224,039
91$27,508,969$9,522,991$6,821,542$25,383,247
92$30,224,650$9,899,384$6,959,830$27,755,995
93$33,214,489$10,291,378$7,099,909$30,363,841
94$36,506,359$10,699,648$7,241,748$33,230,536
95$40,130,976$11,124,898$7,385,315$36,382,242
96$44,122,184$11,567,867$7,530,571$39,847,783
97$48,517,277$12,029,323$7,677,476$43,658,914
98$53,357,351$12,510,072$7,825,984$47,850,620
99$58,687,689$13,010,954$7,976,042$52,461,444
100$64,558,190$13,532,847$8,127,596$57,533,853